Definition of WCAS Subordinated Note


WCAS Subordinated Note means the 10% Subordinated Note due September 15, 2008, dated September 15, 1998, issued by the Borrower to WCAS Capital Partners III, L.P. in the principal amount of $52,000,000.

Examples of WCAS Subordinated Note in a sentence

The following terms, as used herein, have the following meanings: Adjusted Consolidated Net Worth of any Person means, at any date, the Consolidated Net Worth of such Person and its Consolidated Subsidiaries plus, in the case of the US Borrower, the then outstanding principal amount of the WCAS Subordinated Note (to the extent the WCAS Subordinated Note has a maturity not earlier than the date which is six months after the Maturity Date).